Mises Wire

Airline Bailouts Destabilize the Economy and Inflate Asset Prices

Blog04/07/2020

The airline industry has clearly been prone to booms and busts for decades. Yet instead of planning for hard times, these corporate welfare machines called "airlines" use resources to inflate stock value and pad executive salaries.

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Freedom Still Matters, Even in the Midst of a Virus

Big GovernmentDecentralization and SecessionStrategy

Blog04/07/2020

“Whenever a single definite object is made the supreme end of the State…the State becomes for the time inevitably absolute.” We cannot allow combating a virus to overwhelm all other values in society.

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Yes, There Are Tradeoffs between Disease Prevention and Economic Destruction

ProgressivismCalculation and Knowledge

Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of "prioritizing money over lives."

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Italy's Healthcare Sector Badly Needs Deregulation and More Private Spending

Bureaucracy and RegulationHealthPrice Controls

Blog04/07/2020

Thanks to regulations and a lack of private spending, Italy's healthcare system had very limited capacity even before the current crisis.

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Égalité, Fraternité, Captivité

Big GovernmentThe Police State

Blog04/06/2020

What we can learn from the Patriot Act is that during a time of crisis governments can pass legislation that impacts citizens’ lives long after the crisis of the day has passed.

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In March, US Deaths from COVID-19 Totaled Less Than 2 Percent of All Deaths

Health

Blog04/06/2020

How much must total mortality increase to justify a global suspension of commerce and the rule of law? One percent? Ten percent? And what if overall mortality doesn't even go up?

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Creating More Money Won't Revive the Economy

Blog04/06/2020

What the economy needs now is more real savings and more real production. Creating more money will not help with either of these things.

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